While seeing around here i have gone through this But it didnt seems to be work with me . Here is my trail .

raja@badfox:~$ mplayer www.live365.com
MPlayer svn r34540 (Ubuntu), built with gcc-4.6 (C) 2000-2012 MPlayer Team
mplayer: could not connect to socket
mplayer: No such file or directory
Failed to open LIRC support. You will not be able to use your remote control.
Playing www.live365.com.
File not found: 'www.live365.com'
Failed to open www.live365.com.
Exiting... (End of file)

First of all, you will need to get hold of a URL that points to a real stream and not just a site that offers internet radio listening. This is probably the hardest part. You can search the station's website or google if there are any streams for that particular station. The stream URL is not the URL of a player on the station's website.

A URL might look like this: http://bbc.co.uk/radio/listen/live/r1.asx (BBC Radio 1) or http://www.bbc.co.uk/radio/listen/live/r1_aaclca.pls (BBC Radio 1, but a different URL) or http://www.ndr.de/resources/metadaten/audio/m3u/ndrloop5.m3u (N-Joy); it will (very likely) not look like www.live365.com.

All of the above may be played back easily using mplayer -playlist "<your url>", if that does not work with your stream, you can try mplayer "<your url>".

I had the same problem. What I've done to get access to streams via command line is use the 'view source' to get the url of the stream.

For example, http://www.francebleu.fr/player opens in a browser and has buttons to play and stop etc. Then I right-click and select 'view source' and another page opens. I searched for mp3, (or you can search for "http://"), somewhere in there you'll find the link that is actually being used. In the example here, it turned out to be sort of hidden...